BB's Stock Haven

[nycrew]

APRN from Stocktwits....No risk of bankruptcy, Sanberg JUST reaffirmed funding with collateral in excess of obligations:

The current federal minimum wage is a condemnation to poverty. Nobody can live on $7.25/hr.

If it had kept pace with productivity since 1960, the minimum wage would be over $25 today.

It's time to make the minimum wage a living wage.

— Joe Sanberg (@JosephNSanberg) January 13, 2023

- 10,000,000 share purchase agreement with Joseph Sanberg at $5.65 (current price at $1) - $1m received in good faith, collateral in excess of commitment received, news due any day: https://investors.blueapron.com/press-releases/2022/12-15-2022-140137998 - Without the needed update from Sanberg funding, APRN only able to stay above debt threshold ($25m on books) through q1, thus reaffirming that an update is due at any time (last update received a month ago): https://investors.blueapron.com/press-releases/2022/12-08-2022-140712547 - $40m market cap with over $400m annual rev and only $30m debt, severely undervalued - Prime time for PE takeovers, JS even hinted on taking private due to being under valued back in may:

Should I try to take $APRN private?

— Joe Sanberg (@JosephNSanberg) May 23, 2022

- 10 years in business, optimized supply chain and health focused, would fit the needs of many retailers/companies including WM, Kroger, Peloton, WW and more. Just Google it. - Only 39m outstanding shares, 14m float when last reported - Pending open $30m atm, opened as a backup due to delayed JS funding, no update yet - News any day, likely tied to JS funding update - JS deleted all APRN tweets a few months back, and just tweeted a long await update on Fri (last update over 4mo ago):

Deleted tweets from @JosephNSanberg himself regarding $APRN. A smorgasbord of manipulation pic.twitter.com/C3p6v8zuzG

— Axel Sahlin (@jf4f8sj7sq1) December 8, 2022

- Meme stonks going crazy right now, and $APRN has blue balls from Septs run being muted due to offering because of delayed funding - Stock price was over $7 in Sept until offering and delayed funding - Company has been fairly quiet with share price defense - Seems odd considering recent listing notice (under $1, under $50m mc) - APRN provided receipt of delisting notice by 1/6, plan due within 45 days: https://www.sec.gov/ix?doc=/Archives/edgar/data/1701114/000110465922129745/tm2233413d1_8k.htm - Strange Amazon “update” by Sanberg on Friday, even though the Amazon news has been out since Oct:

Great to see $APRN leadership deliver on the vision to open new ways for people to enjoy Blue Apron.https://t.co/3b2vuitBz7

— Joe Sanberg (@JosephNSanberg) January 13, 2023

, https://www.businesswire.com/news/home/20221011005524/en/Blue-Apron-Is-Now-Available-in-the-U.S.-Amazon-Store-Without-a-Subscription -Hired Mitch Cohen as interim CFO (came from Redbox, led their acquisition) in Oct, check out Mitch’s specialization: https://www.linkedin.com/in/mitchm - 10% layoffs a month after Mitch starts, same move as Redbox when he came on pre acquisition - Sanbergs cost average sits around $7, R/S wouldn’t satisfy stock price and market cap requirements so big moves need to be made

Am I forgetting anything? Fun week ahead…